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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Budget Before Borrowing Act of 2012

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Congressional Budget Act of 1974 to establish a point of order to prohibit an increase or other modification of the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect.


Actions Overview (1)

Date
01/26/2012Introduced in Senate

All Actions (1)

Date
01/26/2012Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (10)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Rubio, Marco [R-FL]* 01/26/2012
Sen. Vitter, David [R-LA]* 01/26/2012
Sen. Toomey, Pat [R-PA]* 01/26/2012
Sen. Thune, John [R-SD]* 01/26/2012
Sen. Coburn, Tom [R-OK]* 01/26/2012
Sen. Paul, Rand [R-KY]* 01/26/2012
Sen. DeMint, Jim [R-SC]* 01/26/2012
Sen. Johnson, Ron [R-WI]* 01/26/2012
Sen. Risch, James E. [R-ID]* 01/26/2012
Sen. Crapo, Mike [R-ID]* 01/26/2012

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance01/26/2012 Referred to

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Subjects (4)


Latest Summary (1)

There is one summary for S.2040. View summaries

Shown Here:
Introduced in Senate (01/26/2012)

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to increase or modify the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered.

Permits: (1) waiver or suspension of such prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.